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Author Topic: Large transactions, 15 X 500k in a few days.  (Read 1427 times)
yogi
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November 19, 2011, 06:32:10 PM
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Large transactions, 15 X 500k in a few days.

http://blockexplorer.com/txstats

Is this our manipulator or someone else?

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November 20, 2011, 03:07:56 PM
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You would think that if you had that many bitcoins you could throw the miners a small bone.  But no.  0 fees on all of them.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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November 20, 2011, 03:18:43 PM
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People moving coins into the exchanges to cash out maybe?
That would cause a MASSIVE drop.

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November 20, 2011, 03:23:09 PM
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People moving coins into the exchanges to cash out maybe?
That would cause a MASSIVE drop.

  Works for me.  Excellent opportunity to 'spread' the wealth as people buy it up cheap.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
julz
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November 20, 2011, 03:28:44 PM
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This doesn't look like 15 big transactions to me.
I'm assuming it's 15 small spends from a wallet with a large balance. (So the larger amount is returned to the wallet as change)
Not so exciting.


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yogi
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Hamster ate my bitcoin


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November 20, 2011, 03:44:26 PM
 #6

The transactions started at the same time as mtgox manipulation.

Coincidence?

Hash rate does NOT indicated a 51

Quote
This doesn't look like 15 big transactions to me.
I'm assuming it's 15 small spends from a wallet with a large balance
Not so exciting.

I don't think the protocol broadcasts remaining balance as a transaction, but I might be wrong.

elggawf
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November 20, 2011, 06:13:17 PM
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Hash rate does NOT indicated a 51

Since when is the hash rate a reliable indicator of a 51% attack in progress? Sure I mean a large drop in hash rate could mean a pool operator gone rogue, but other than that, what?

^_^
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November 20, 2011, 11:41:45 PM
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I don't think the protocol broadcasts remaining balance as a transaction, but I might be wrong.
Yeah, it does. Due to the way the technology works, you have to spend all of the money you got from a previous transaction. So if you ever got 500k in one transaction, you have to take all that, send 1BTC to someone, and send the 499 999 BTC to a new wallet address. Or if you use a custom client: to the same address again.

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